Write an explanatory note on functions and coverage of WTO.

WT0 functions and coverage:
It gives a provision for settling dispute and for negotiations in a forum.
It overseas the operation, administration and implementation of the agreements covered.
It is the duty of the World Trade Organisation to go about facilitating operation, administration and implementation and further the objectives of the Multilateral Trade Agreements and this Agreement and shall also provide the operation, administration and implementation framework of the multilateral Trade Agreements.

  • With its view of achieving great global economic policy making coherence, the World Trade Organisation shall, when appropriate, cooperate with the affiliated agencies of the International Bank for Reconstruction and Development and with the International Monetary Fund.
  • Among its members, the WTO shall provide the negotiations forum concerning their trade multilateral relations in matters that the Agreement in the Annexes to this Agreement deals with.
  • The WT0 is in charge of administering the trading policy review mechanism.
  • Part of the function of the World Trade Organisation is to get the Understanding on Rules and Procedures Governing Dispute Settlement administered.
  • The Trade Policy Review Mechanism shall be administered by the WTO

 

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